LIST: 10 Leading Money Market Funds In Kenya As Of June 2025

The Capital Markets Authority (CMA) on Friday, June 6 released its latest Collective Investment Schemes (CIS) Quarterly Report, outlining the top Money Market Funds (MMFs) in Kenya based on total Assets Under Management (AUM).

Leading the market is the CIC Money Market Fund, which recorded the highest AUM at Ksh81.8 billion, representing 25.6% of the total market share.

Sanlam Money Market Fund follows in second place with Ksh72.2 billion (22.6%), while the ICEA Lion Money Market Fund holds third position with Ksh20.1 billion, accounting for 6.3% of the market.

In fourth place is the ABSA Shilling Money Market Fund, managing Ksh19.2 billion (6%), followed by the Co-op Money Market Fund at Ksh16.3 billion (5.1%).

List of the 10 leading Money Market Funds in Kenya. /CAPITAL MARKETS AUTHORITY

Other prominent funds include the Old Mutual Money Market Fund with Ksh14.7 billion (4.6%), and the KCB Money Market Fund (KES) at Ksh12.7 billion (4%).

The Britam Money Market Fund ranked eighth with Ksh10.7 billion (3.4%), followed by the Etica Money Market Fund, which manages Ksh9.1 billion (2.9%). Completing the top ten is the Jubilee Money Market Fund (KES) with Ksh7.5 billion, representing 2.4% of the market.

Overall, MMFs dominate the Kenyan CIS space, accounting for 64% of total assets under management. There are currently 49 registered MMFs in the country.

However, the CMA cautions that the size of a fund does not necessarily reflect its performance. Yield — the percentage return earned by investors — remains the key indicator of MMF performance.

At the bottom of the rankings is the CPF USD Money Market Fund, with an AUM of Ksh2.5 million. Other smaller funds include the XENO Kenya Money Market Fund, GenCap Hela Money Market Fund, Amana Shilling Fund, Enwealth Dollar MMF, Cytonn USD MMF, and Taifa MMF.

Among mid-tier players, the Ziidi Money Market Fund ranks just outside the top ten with Ksh7.7 billion, while the Genghis Money Market Fund holds Ksh612.9 million in 28th position.

Additional notable funds include the Lofty-Corban KES MMF with Ksh3.2 billion, Stanbic MMF at Ksh2.6 billion, and Apollo MMF managing Ksh2.3 billion.

In terms of asset allocation, 46% of the total AUM (Ksh229.7 billion) is invested in government securities, which include treasury bills and bonds, infrastructure bonds, and Eurobonds. In contrast, only 0.2% (Ksh1.3 billion) is allocated to offshore unlisted investments, the smallest category.

Other investment vehicles covered under MMF portfolios include fixed deposits, cash and demand deposits, offshore listed investments, listed and unlisted securities, alternative investments, and other collective investment schemes.

An MMF is a unit trust fund managed by a professional fund manager, providing investors with a safe place to keep their cash while earning a return.

MMFs serve as an alternative to traditional savings accounts such as those in banks, offering competitive interest rates while maintaining a high level of security. 

Read more: How Money Market Funds Work: A Comprehensive Guide